Unpaid Interest Shortfalls. Each of the Class A Unpaid Interest Shortfalls, the Class B-1 Unpaid Interest Shortfall, the Class B-2 Unpaid Interest Shortfall, the Class B-3 Unpaid Interest Shortfall, the Class B-4 Unpaid Interest Shortfall, the Class B-5 Unpaid Interest Shortfall and the Class B-6 Unpaid Interest Shortfall.
Unpaid Interest Shortfalls means Interest Shortfalls net of payments by the Company, the related Servicer or the Master Servicer in respect of Compensating Interest.
Unpaid Interest Shortfalls. Each of the Class A Unpaid Interest Shortfalls, the Class I-B-1 Unpaid Interest Shortfall, the Class I-B-2 Unpaid Interest Shortfall, the Class I-B-3 Unpaid Interest Shortfall, the Class I-B-4 Unpaid Interest Shortfall, the Class I-B-5 Unpaid Interest Shortfall, the Class I-B-6 Unpaid Interest Shortfall, Class II-B-1 Unpaid Interest Shortfall, the Class II-B-2 Unpaid Interest Shortfall, the Class II-B-3 Unpaid Interest Shortfall, the Class II-B-4 Unpaid Interest Shortfall, the Class II-B-5 Unpaid Interest Shortfall and the Class II-B-6 Unpaid Interest Shortfall.
Examples of Unpaid Interest Shortfalls in a sentence
Notwithstanding the foregoing, after the Principal Balance of any Class (other than the Class A-R Certificate) has been reduced to zero, such Class will be entitled to no further distributions of principal or interest (including, without limitation, any Unpaid Interest Shortfalls).
Notwithstanding the foregoing, after the Principal Balance of any Class has been reduced to zero, such Class will be entitled to no further distributions of principal or interest (including, without limitation, any Unpaid Interest Shortfalls).
Notwithstanding the foregoing, after the Principal Balance or notional amount of any Class (other than the Class A-R or Class A-LR Certificates) has been reduced to zero, such Class will be entitled to no further distributions of principal or interest (including, without limitation, any Unpaid Interest Shortfalls).
On each Distribution Date, each Uncertificated Lower-Tier Interest shall receive distributions in respect of interest in an amount equal to the Interest Accrual Amounts and Unpaid Interest Shortfalls, as the case may be, in respect of its Corresponding Upper-Tier Class or Classes, in each case to the extent actually distributed thereon.
Notwithstanding the foregoing, after the Principal Balance or Notional Amount of any Class has been reduced to zero, such Class will be entitled to no further distributions of principal or interest (including, without limitation, any Unpaid Interest Shortfalls).
More Definitions of Unpaid Interest Shortfalls
Unpaid Interest Shortfalls means Interest Shortfalls with respect to each Loan Group, net of payments by the Company, the related Servicer or the Master Servicer in respect of Compensating Interest for the related Loan Group.
Unpaid Interest Shortfalls. With respect to the Mortgage Loans, (a) any Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest and (b) any Relief Act Shortfalls.
Unpaid Interest Shortfalls. Each of the Class A Unpaid Interest Shortfalls, the Class I-B-1 Unpaid Interest Shortfall, the Class I-B-2 Unpaid Interest Shortfall, the Class I-B-3 Unpaid Interest Shortfall, the Class I-B-4 Unpaid Interest Shortfall, the Class I-B-5 Unpaid Interest Shortfall, the Class I-B-6 Unpaid Interest Shortfall, the Class II-B-1 Unpaid Interest Shortfall, the Class II-B-2 Unpaid Interest Shortfall, the Class II-B-3 Unpaid Interest Shortfall, the Class II-B-4 Unpaid Interest Shortfall, the Class II-B-5 Unpaid Interest Shortfall, the Class II-B-6 Unpaid Interest Shortfall, the Class III-B-1 Unpaid Interest Shortfall, the Class III-B-2 Unpaid Interest Shortfall, the Class III-B-3 Unpaid Interest Shortfall, the Class III-B-4 Unpaid Interest Shortfall, the Class III-B-5 Unpaid Interest Shortfall, the Class III-B-6 Unpaid Interest Shortfall, the Class IV-B-1 Unpaid Interest Shortfall, the Class IV-B-2 Unpaid Interest Shortfall, the Class IV-B-3 Unpaid Interest Shortfall, the Class IV-B-4 Unpaid Interest Shortfall, the Class IV-B-5 Unpaid Interest Shortfall and the Class IV-B-6 Unpaid Interest Shortfall.
Unpaid Interest Shortfalls in respect of the Mortgage Loans for any Distribution Date shall be allocated FIRST, in reduction of amounts otherwise distributable to the Class C Certificates and Class R Certificates, and thereafter among the Offered Certificates in proportion to the amount of the Monthly Interest Distributable Amount that would have been allocated to such Certificates in the absence of such Unpaid Interest Shortfalls and (2) the interest portion of Realized Losses for the Mortgage Loans will be allocated first, to the Class C Certificates based on, and to the extent of, one month's interest at the then applicable Pass-Through Rate on the Certificate Notional Balance thereof, second to the Class B-3 Certificates, third to the Class B-2 Certificates, fourth to the Class B-1 Certificates, fifth to the Class M-3 Certificates, sixth to the Class M-2 Certificates, seventh to the Class M-1 Certificates and following the Cross-Over Date to the Senior Certificates, on a pro rata basis. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC I Regular Interests for any Distribution Date, the aggregate amount of any Unpaid Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC I Regular Interest AA and REMIC I Regular Interest ZZ up to an aggregate amount equal to the REMIC I Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC I Regular Interest A-1, REMIC I Regular Interest A-2, REMIC I Regular Interest M-1, REMIC I Regular Interest M-2, REMIC I Regular Interest M-3, REMIC I Regular Interest B-1, REMIC I Regular Interest B-2, REMIC I Regular Interest B-3 and REMIC I Regular Interest ZZ, pro rata, based on, and to the extent of, one month's interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC II Regular Interests for any Distribution Date, the aggregate amount of any Unpaid Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first to REMIC II Regular Interest C, and then, pro rata, to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II R...
Unpaid Interest Shortfalls. Any shortfalls in respect of Accrued Certificate Interest on the Class A Certificates due to Prepayment Interest Shortfalls and Relief Act Shortfalls, together with interest thereon at the related Pass-Through Rate.
Unpaid Interest Shortfalls. Each of the Class A Unpaid Interest Shortfalls and the Class B Unpaid Interest Shortfalls.
Unpaid Interest Shortfalls means Interest Shortfalls net of payments by the related servicer or the master servicer in respect of Compensating Interest.